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For sale
  • Price cut: $75K (2/20)
    $1,425,000

    1301 W Main St, Red River, NM 87558

    16beds
    14baths
    7,000sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $204/sqft
    $-- HOA

    What's special

    This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. Owner financing is available up to $300k. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity!
    192 days
    on Zillow
    |
    303
    |
    15
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 24, 2025 at 08:35am

    Listed by:

    Jason B Taylor 505-252-1162,

    Coldwell Banker Legacy 505-892-1000,

    Nichole M. Bronstorp 505-209-1246,

    Coldwell Banker Legacy

    Source: SWMLS,MLS#: 1072539MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1301 W Main St.

    Next available tour time:Today at 4:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 14
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Microwave, Refrigerator
    Features
    • Flooring: Carpet, Laminate, Wood
    • Has basement: Yes
    Interior area
    • Total structure area: 7,000
    • Total interior livable area: 7,000 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,276.4 Square Feet
    Details
    • Parcel number: 1084169303075
    • Zoning description: C-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Log Siding
    Condition
    • Resale
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
    Green energy
    • Energy generation: None

    Community & HOA

    Community
    • Features: Barbecue
    • Subdivision: Red River Townsite
    Location
    • Region: Red River

    Financial & listing details

    • Price per square foot: $204/sqft
    • Tax assessed value: $95,001
    • Annual tax amount: $3,458
    • Date on market: 10/16/2024
    • Listing terms: Cash,Conventional,Owner May Carry
    • Tenant pays: None
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